This property looks like a bad Mid-Term investment with a projected -5.72% first-year return on $168k initial cash invested.
-5.72%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$5,732
Rent
-$803
Cashflow
Cash Flow
$5,732 income − $6,535 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,160
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,732
Total Expenses
$6,535
Mortgage P&I
64%
$3,643
Property Taxes
11%
$639
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$688
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$631